The Civil Aviation Authority of the Philippines said it is confident that the country would be able to regain its Category 1 rating when the US FAA would visit in the next two months.

Swedish pharmaceutical firm Meda announced the signing of a deal for the USD 135 million purchase of US-based Acton Pharmaceuticals.

Lowe's Companies Inc. announced today an acquisition deal had completed for Orchard Supply Hardware stores valued USD205 million in cash and payables.

Peugeot Citroen said it would halt car production in Aulnay this November. French multinational automobile and motorcycle maker Peugeot Citroen would be stopping production in one of its plants earlier than scheduled.

Sources said Thai billionaire Dhanin Chearavanont submitted its bid for Li Ka-shing's ParknShop chain.

French cosmetic firm L'Oreal said it could afford to buy back the EUR 23 billion stake that Nestle holds in the firm.

According to a Bloomberg report, shareholder pressure would most likely influence the incoming CEO of Microsoft to take drastic measures to increase shareholder value and possibly spin off the XBox video game division.

The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.

The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.

Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.